Monday, June 4, 2007

RBS H1 earnings to beat forecasts

(Reuters) - It said costs as a ratio of income should improve from the 2006 level of 42.1 percent.




RBS said last week it should beat analysts' forecasts for first-half underlying earnings. Profit before tax and exceptional items is expected to be 10.3 billion pounds in 2007, up 9 percent from 9.4 billion in 2006, according to a Reuters Estimates average forecast from 11 analysts.


Read more at Reuters.com Business News

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